By [http://ezinearticles.com/?expert=Lucy_Lewis]Lucy Lewis
Have you ever experienced unfair bank charges? Chances are you have, same as millions of people. How good would it be if you could claim every single charge back in one big bulk? No I'm not joking it is possible and you can apply today. There are lots of companies out there today that will help you reclaim those bank charges. With some banks they can charge up to £40 for overdrafts or bounced cheques or failed direct debits, thousands of people every month is fighting to get them back. Are you going to be one of them?
One out of five bank customers have experienced these disgusting charges me being one of them and because people think that banks are in an "authoritative" position they think it is the banks legal right to do so. But this is wrong. I went to the bank the other day to find that my direct debits went out and I was £1 over and I was charged £32 and then a further £30 at the end of the month for going overdrawn in the first place! That is a pure rip-off! I think banks charge too much over minor difficulties.
Can you imagine a single mother of 3 going to collect her children's benefits etc that pay to feed her children and put clothes on their back, then going to her bank to find £60 plus gone which would pay for food for 3-4 days just because she was a couple of pounds off of her direct debit/ overdraft amount. They are in theory taking food out of these children's mouth and should be ashamed of themselves.
Banks in general should be more sympathetic especially during the credit crunch, some people get in major debt over bank charges. Now it's your turn to take charge of your bank and be one of the thousands to claim all your money back that is rightly yours. Many people have succeeded in reclaiming thousands of pounds, but you have to be quick as the majority of reclaim company's can only go back 6 years. Why don't you try claiming? What is there to lose?
For more information please visit: [http://www.stayinbritain.co.uk/info/bank-smart.aspx]http://www.stayinbritain.co.uk/info/bank-smart.aspx.
Lucy Lewis is new at writing articles, with her charming and inquisitive mind she wants to explore the literacy world in a whole different light. So watch out for further articles.
Article Source: http://EzineArticles.com/?expert=Lucy_Lewis http://EzineArticles.com/?Reclaim-Your-Bank-Charges-Today&id=2373337
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Are You Getting the Right Debt Advice?
By Melanie Taylor
Struggling with debt can be a difficult and stressful
situation, and it's easy to feel like you will never be able to
find a way out.
More and more people are getting into trouble with debt these
days, yet many are unaware of what help is available. In
reality, even people with severe debt problems can get help from
a professional debt adviser.
Importance of good debt advice
If you ever find yourself having problems with your debts, then
you should contact a professional debt adviser as soon as
possible. Since the interest on debt often means it grows very
quickly, putting it off can result in you paying a lot more
overall.
How can a good debt adviser help me?
General debt help
In a lot of cases, simple debt advice is all it takes. If you
have trouble managing your money, you're not alone - many people
have this problem, and it's not unusual for it to lead to debt
problems.
Your debt adviser may be able to recommend a few changes in
your spending that could help you to get back on track. Equally,
they may help you to set up a budget, so you can make sure
you're aware of how much money is needed for each of your
commitments, and how much you have left to spend as you wish.
If the situation has become more serious, and your debts are
becoming unmanageable, then your debt adviser may recommend a
debt solution that could help your situation.
What debt solutions are available?
There are a number of debt solutions available that can help
people in various situations. Your debt adviser can help you to
decide which (if any) is best for you.
Debt consolidation loan
A debt consolidation loan is typically for people who have
relatively manageable debts, but would like to simplify their
finances and/or reduce their outgoings. It is essentially a new
loan that pays off your existing debts, ending your ties to your
original creditors and consolidating those debts into one
convenient monthly payment.
Many people with a debt consolidation loan choose to reduce the
amount they pay each month by spreading their repayments out. If
you choose to do this, be aware that because you will pay
interest for longer, you may end up paying more overall.
However, it's still possible to save money if you consolidate
high-interest debts, such as credit cards. So long as the
interest on the debt consolidation is lower, you could save
money, although a longer repayment period may limit the amount
you save.
Debt Management Plan
For debts that have become unmanageable under the existing
terms, a debt management plan is an informal arrangement with
your creditors that can allow you to repay your debts at a more
manageable pace.
As well as reducing the amount you will pay each month, you may
be able to negotiate a reduction or freeze in interest and other
charges, which can prevent the debt from growing - or at least
slow down the rate at which it's increasing.
However, be aware that repaying any debt more slowly will take
longer and can cost more, as it'll have longer to attract
interest. This is why it's important to work closely with a debt
adviser to ensure that your repayments are affordable, while
still allowing you to repay what you owe.
IVA (Individual Voluntary Arrangement)
If your debts have become so unmanageable that you don't think
you will ever be able to repay them in full, an IVA could help
you to avoid bankruptcy by agreeing to pay a set percentage of
your debt to your creditors, after which the remaining debt will
be written off.
You will make monthly payments to your Insolvency Practitioner,
who will subsequently distribute it among your creditors as
agreed. This will usually continue for five years, and on
successful completion you will be legally debt-free.
There are some things to consider before entering into an IVA,
though. You may be expected to give up a portion of any increase
in income earned during your IVA (including pay rises and
bonuses), and if you are a homeowner, you may also be expected
to release some of the equity in your home in the 54th month of
the IVA.
Although an IVA is typically considered preferable to
bankruptcy, there are some cases in which bankruptcy is the more
beneficial option. Your debt adviser will offer advice on the
best choice for your particular needs.
About the Author: For more information on debt advice including
debt consolidation, debt management and IVAs visit
http://www.debtadvisersdirect.com
Source: http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=379509&ca=Finances
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Struggling with debt can be a difficult and stressful
situation, and it's easy to feel like you will never be able to
find a way out.
More and more people are getting into trouble with debt these
days, yet many are unaware of what help is available. In
reality, even people with severe debt problems can get help from
a professional debt adviser.
Importance of good debt advice
If you ever find yourself having problems with your debts, then
you should contact a professional debt adviser as soon as
possible. Since the interest on debt often means it grows very
quickly, putting it off can result in you paying a lot more
overall.
How can a good debt adviser help me?
General debt help
In a lot of cases, simple debt advice is all it takes. If you
have trouble managing your money, you're not alone - many people
have this problem, and it's not unusual for it to lead to debt
problems.
Your debt adviser may be able to recommend a few changes in
your spending that could help you to get back on track. Equally,
they may help you to set up a budget, so you can make sure
you're aware of how much money is needed for each of your
commitments, and how much you have left to spend as you wish.
If the situation has become more serious, and your debts are
becoming unmanageable, then your debt adviser may recommend a
debt solution that could help your situation.
What debt solutions are available?
There are a number of debt solutions available that can help
people in various situations. Your debt adviser can help you to
decide which (if any) is best for you.
Debt consolidation loan
A debt consolidation loan is typically for people who have
relatively manageable debts, but would like to simplify their
finances and/or reduce their outgoings. It is essentially a new
loan that pays off your existing debts, ending your ties to your
original creditors and consolidating those debts into one
convenient monthly payment.
Many people with a debt consolidation loan choose to reduce the
amount they pay each month by spreading their repayments out. If
you choose to do this, be aware that because you will pay
interest for longer, you may end up paying more overall.
However, it's still possible to save money if you consolidate
high-interest debts, such as credit cards. So long as the
interest on the debt consolidation is lower, you could save
money, although a longer repayment period may limit the amount
you save.
Debt Management Plan
For debts that have become unmanageable under the existing
terms, a debt management plan is an informal arrangement with
your creditors that can allow you to repay your debts at a more
manageable pace.
As well as reducing the amount you will pay each month, you may
be able to negotiate a reduction or freeze in interest and other
charges, which can prevent the debt from growing - or at least
slow down the rate at which it's increasing.
However, be aware that repaying any debt more slowly will take
longer and can cost more, as it'll have longer to attract
interest. This is why it's important to work closely with a debt
adviser to ensure that your repayments are affordable, while
still allowing you to repay what you owe.
IVA (Individual Voluntary Arrangement)
If your debts have become so unmanageable that you don't think
you will ever be able to repay them in full, an IVA could help
you to avoid bankruptcy by agreeing to pay a set percentage of
your debt to your creditors, after which the remaining debt will
be written off.
You will make monthly payments to your Insolvency Practitioner,
who will subsequently distribute it among your creditors as
agreed. This will usually continue for five years, and on
successful completion you will be legally debt-free.
There are some things to consider before entering into an IVA,
though. You may be expected to give up a portion of any increase
in income earned during your IVA (including pay rises and
bonuses), and if you are a homeowner, you may also be expected
to release some of the equity in your home in the 54th month of
the IVA.
Although an IVA is typically considered preferable to
bankruptcy, there are some cases in which bankruptcy is the more
beneficial option. Your debt adviser will offer advice on the
best choice for your particular needs.
About the Author: For more information on debt advice including
debt consolidation, debt management and IVAs visit
http://www.debtadvisersdirect.com
Source: http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=379509&ca=Finances
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